President & CEO: Kathy Bardswick
Executive Vice-President & COO of Co-operators Life Insurance: Kevin Daniel
AM Best Rating: A (Excellent)
Total Assets: $4.88 billion
Net Income: $7.2 million
Net Premiums Written: $403.7 million
Financial Size Category: XI ($750 million to $1 billion)
FSR Outlook: Stable
Best's Issuer Credit Rating: a
ICR Outlook: Stable
As of Date: 05/31/13
Organization Type: Stock
Specialty Lines of Business: Credit Insurance, Group Accident and Health, Individual Life Insurance
Marketing Type: Exclusive/Captive AgentThe Co-operators Group Limited
Toll Free: 1-800-265-2612
Co-operators Life Insurance Company
1920 College Avenue
Web Address: www.cooperators.ca
* Info courtesy of AM Best Key Ratings Guide 2013.
The Co-operators was founded by a group of Canadian farmers in 1945. Since then, it has grown to become Canada’s leading multi-product insurance company with the cooperation of ten like-minded organizations. They are a community-based organization with an emphasis on personal care and keeping in touch with clients.
The company focuses on both individual and group insurance products, including a variety of life and health insurance, travel insurance, auto insurances, home insurance and special risk insurance. Special risk insurance is especially recommended for non-profit organizations that rely heavily on hosting special events to raise their funds.
As the biggest farm insurance company, they know how important it is to meet each and every farmer’s specific needs by offering carefully developed products tailored to their unique requirements. They provide protection to over 47,000 farms throughout Canada.
The Co-operators also provide a wide range of wealth management products, well-selected investments, and real estate management services for customers seeking financial management.
Business owners are offered different coverages, various deductible amounts and policy limits to ensure safety and protection. All these services are available in over 600 locations across Canada. A local agent can offer professional advice and personal service. They also publish a newsletter to keep customers up-to-date with new products.
News about Co-operators Life Insurance Company
LSM Insurance is an independent Life Insurance Brokerage and is Not Directly Affiliated to Co-operators Life Insurance Company.
Call us: 1-866-899-4849
Co-operators Life Insurance Company Policies
1. They have a very competitively priced Term 25 plan.
2. They offer preferred rates on their term policies and their plans are convertible and renewable.
1. They use a captive Sales Force , meaning that their agents are limited to the products within the Cooperator's line-up and the companies with which they have formed an alliance.
2. Their Universal Life plan is not competitively priced at most price points and age brackets.